Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Lifted to Strong-Buy at Hsbc Global Res

Hsbc Global Res upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) to a strong-buy rating in a research report report published on Tuesday morning, Zacks.com reports.

Separately, StockNews.com raised Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating in a research report on Monday, September 23rd.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Down 1.0 %

Shares of NYSE:EBR opened at $6.70 on Tuesday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1 year low of $6.21 and a 1 year high of $9.11. The stock has a 50-day simple moving average of $7.32 and a 200-day simple moving average of $7.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.33 and a current ratio of 2.35. The stock has a market capitalization of $15.41 billion, a P/E ratio of 8.47, a PEG ratio of 2.11 and a beta of 1.09.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $1.61 billion during the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 13.37% and a return on equity of 4.18%. Equities analysts forecast that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current year.

Institutional Trading of Centrais Elétricas Brasileiras S.A. – Eletrobrás

Hedge funds have recently made changes to their positions in the company. Beck Bode LLC grew its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1,444.6% during the 2nd quarter. Beck Bode LLC now owns 1,766,440 shares of the utilities provider’s stock valued at $11,358,000 after purchasing an additional 1,652,075 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 108.7% during the second quarter. Van ECK Associates Corp now owns 494,500 shares of the utilities provider’s stock valued at $3,180,000 after acquiring an additional 257,613 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the third quarter worth about $1,600,000. Thrivent Financial for Lutherans increased its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 36.7% during the second quarter. Thrivent Financial for Lutherans now owns 362,019 shares of the utilities provider’s stock worth $2,328,000 after acquiring an additional 97,166 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% in the second quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 4,019 shares in the last quarter. Hedge funds and other institutional investors own 6.54% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.